Home loan rates › People First and Heritage Bank
Basic Variable Home Construction
People First and Heritage Bank
Our Basic Variable Home & Investment Construction Loans offers our lowest rate with no upfront or no ongoing monthly fee which enables you to make unlimited extra repayments to pay off your loan quicker.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 8.43% | 8.43% | Variable · owner occupied · principal and interest · LVR 95% or less · $20,000–$2,000,000 | Construction | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
Report an error
Anyone can report a value that looks wrong. The row is marked as disputed and keeps its value; when the lender's Consumer Data Right data next changes we check it and remove the mark.
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://public.openbanking.peoplefirstbank.com.au/cds-au/v1/banking/products/5e044a10-8eeb-4d1c-8f28-be22922921db- Content hash
sha256 265e7b4a80f2f11735f1f352cc544c6551abbd1dd9bb5174eb0abdfb65dd8b37- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_265e7b4a80f2f117_7f0108d1Show details
- Checked
- 1 Nov 2026
- URL
https://public.openbanking.peoplefirstbank.com.au/cds-au/v1/banking/products/5e044a10-8eeb-4d1c-8f28-be22922921db- Content hash
sha256 265e7b4a80f2f11735f1f352cc544c6551abbd1dd9bb5174eb0abdfb65dd8b37- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Solicitor's/Conveyancer Fee | Other | Set in your letter of offer |
| Land Title Office Fees | Other | Set in your letter of offer |
| Security Handling Fee | Event | $150.00 |
| Discharge of Mortgage | Event | $350.00 |
| Progress Draw Fee | Event | $400.00 |
| Documentation Fee | Event | $200.00 |
| Valuation Fee | Other | Set in your letter of offer |
| Portability Fee | Event | $300.00 |
| Bank Cheque Fee | Other | Set in your letter of offer |
| Lenders Mortgage Insurance (LMI) | Other | Set in your letter of offer |
| Arrears Administration Fee 1 | Event | $25.00 |
| Arrears Administration Fee 2 | Event | $25.00 |
| Enforcement of Mortgage fee | Event | $70.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Digital banking | Easy access to your account 24/7 with the People’s Choice Smartphone and iPhone App, Internet Banking and Phone Banking. | |
| Other | Construction Loan Option | Construction Loan Option available on Basic Variable. |
| Extra repayments | Additional Repayments | Freedom to make unlimited extra repayments – reduce your loan term and save money |
| Other | Contracted monthly repayments | Repayments are contracted monthly, however flexibility to pay monthly, fortnightly, or weekly. |
| Complementary product discounts | No Credit Card Annual Fee | $0 Visa Credit Card Annual Fee - save $59. |
| Guarantor | Family Guarantee for first home buyers | Family Guarantees can help applicants get into their home sooner by reducing the amount of deposit required |
| Relationship management | One to One Relationship Management available | Our Program One to One provides a higher level of personalised service to members that have significant business with the Credit Union, measured by borrowings and/or deposits. This is achieved by providing each member with their own Relationship Manager as a single point of contact for all their financial service needs. |
| Offset | Offset Account | Link your loan and transaction account to help reduce the interest and time taken to pay off your loan. |
| Eligibility: natural person | Personal Members Only | |
| Eligibility: residency status | Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status. | |
| Eligibility: min age | 18 | 18 years and over |
| Eligibility: other | Terms, conditions, fees, charges and lending criteria apply and are available on application | |
| Limit: min limit | 20000.00 |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · owner occupied · principal and interest · LVR 95% or less · $20,000–$2,000,000 | 1 Nov 2026 | Current | 8.43% | 8.43% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
purpose:construction | Construction | Left out of the standard home loan table |
Registered channels
Lender staff and brokers registered with Homepedia, and the prices available through them. Separate from the product data above: it never changes the lender's rates or the order of any rate table.People registered for this product
No one is registered for this product yet. Lender staff and brokers can join through verification.